Rewind: Nightmare Mortgages

The option adjustable rate mortgage (ARM) might be the riskiest and most complicated home loan product ever created. With its temptingly low minimum payments, the option ARM brought a whole new group of buyers into the housing market, extending the boom longer than it could have otherwise lasted, especially in the hottest markets. Suddenly, almost anyone could afford a home — or so they thought. The option ARM’s low payments are only temporary. And the less a borrower chooses to pay now, the more is tacked onto the balance.

About Path to Well-Being

This blog wishes to encourage others to take the path to well-being through learning more about aesthetics, art, culture, economics, history, literature, philosophy, politics, psychology, the environment, and healthy living.
"…Well-being is the ability to be creative, to be aware, and to respond; to be independent and fully active, and by this very fact to be one with the world."
- Erich Fromm

IT HAS A NAME! — BUY THE PRINT VERSION HERE

My book, It Has A Name! is available in softcover through Amazon and Create Space: https://www.createspace.com/3450668